Vietnam recorded a high trade surplus in the first half of this year. (Photo vneconomy.vn) Hanoi (VNS/VNA) - Vietnam gained atrade surplus of 3.1 billion USD in the first seven months of this year, reportedthe General Statistics Office (GSO).
This is because the country’s total export valueduring the first seven months rose 15.3 percent year-on-year to 133.7 billionUSD.
Of which, the domestic economic sector’s exportvalue increased 18.7 percent to 39.3 billion USD over the same period of lastyear while that of foreign invested enterprises had a growth of 14 percent to94.7 billion USD, accounting for 70.8 percent of the total export value.
Meanwhile, the nation saw slower growth inimports with the total import value in the first seven months of this year rising10.2 percent to 130.6 billion USD against the same period of last year.
The import value rose 12.7 percent to 54.2billion USD for the domestic economic sector and 8.5 percent to 76.5 billion USDfor the foreign-invested enterprises.
However, GSO experts said from May to July, thenation had trade deficit in each month. The trade deficit was 500 million USDin May, 100 million USD in June and 300 million USD in July.
Vietnam had large trade deficit with China and theRepublic of Korea. In the first seven months of this year, the trade deficitwas at 16.3 billion USD with China, up 1.6 percent year-on-year, and at 16.3billion USD with the Republic of Korea, which was down 13 percent.
The GSO reported major export products continuedto achieve strong increases, in particular telephone and parts with a growth of15.8 percent to 26.1 billion USD; textile and garment, up 16.2 percent to 16.5billion USD; and electronic products, computer and parts, up 14.8 percent to 15.7billion USD.
They also included footwear, up 8.9 percent to 9.1billion USD; machine, equipment and parts, up 27.1 percent to 9 billion USD;wood and wooden products, up 13.4 percent to 4.8 billion USD; and transportmeans and parts, up 15.2 percent to 6.4 billion USD.
The nation saw growth in export value for someagro and seafood products (up 8.1 percent to 4.7 billion USD), vegetables andfruits (up 14.6 percent to 2.3 billion USD), and rice (up 31.5 percent to 2billion USD).
However, reduction in the global export pricesdrove export value down for some farming products of Vietnam, such as coffee(down 4.5 percent to 2.2 billion USD), and rubber (down 9.7 percent to 1billion USD).
Crude oil export dropped in both volume andvalue by 46.4 percent and 25.3 percent to 1.3 billion USD, respectively.
Dong Nai’s tradesurplus
The southern province of Dong Nai’s tradesurplus in the first seven months of the year was 1.6 billion USD, which madeup half of the country’s total.
Dong Nai is among the country’s top fiveexporting cities and provinces, with a consistently high export surplus, accordingto the provincial Department of Industry and Trade.
The province has around 50 products with highexport turnover, including textiles and garments, footwear, wooden products,and steel, exported to around 170 countries and territories. The products arehighly regarded by foreign businesses.
According to the Statistics Office of Dong Nai,it exported around 9.2 billion USD worth of goods in the first seven months, 14percent higher year-on-year and its highest in four years.
Eighty percent of Dong Nai’s export turnover isfrom foreign-direct invested companies in the province.-VNS/VNA
This is because the country’s total export valueduring the first seven months rose 15.3 percent year-on-year to 133.7 billionUSD.
Of which, the domestic economic sector’s exportvalue increased 18.7 percent to 39.3 billion USD over the same period of lastyear while that of foreign invested enterprises had a growth of 14 percent to94.7 billion USD, accounting for 70.8 percent of the total export value.
Meanwhile, the nation saw slower growth inimports with the total import value in the first seven months of this year rising10.2 percent to 130.6 billion USD against the same period of last year.
The import value rose 12.7 percent to 54.2billion USD for the domestic economic sector and 8.5 percent to 76.5 billion USDfor the foreign-invested enterprises.
However, GSO experts said from May to July, thenation had trade deficit in each month. The trade deficit was 500 million USDin May, 100 million USD in June and 300 million USD in July.
Vietnam had large trade deficit with China and theRepublic of Korea. In the first seven months of this year, the trade deficitwas at 16.3 billion USD with China, up 1.6 percent year-on-year, and at 16.3billion USD with the Republic of Korea, which was down 13 percent.
The GSO reported major export products continuedto achieve strong increases, in particular telephone and parts with a growth of15.8 percent to 26.1 billion USD; textile and garment, up 16.2 percent to 16.5billion USD; and electronic products, computer and parts, up 14.8 percent to 15.7billion USD.
They also included footwear, up 8.9 percent to 9.1billion USD; machine, equipment and parts, up 27.1 percent to 9 billion USD;wood and wooden products, up 13.4 percent to 4.8 billion USD; and transportmeans and parts, up 15.2 percent to 6.4 billion USD.
The nation saw growth in export value for someagro and seafood products (up 8.1 percent to 4.7 billion USD), vegetables andfruits (up 14.6 percent to 2.3 billion USD), and rice (up 31.5 percent to 2billion USD).
However, reduction in the global export pricesdrove export value down for some farming products of Vietnam, such as coffee(down 4.5 percent to 2.2 billion USD), and rubber (down 9.7 percent to 1billion USD).
Crude oil export dropped in both volume andvalue by 46.4 percent and 25.3 percent to 1.3 billion USD, respectively.
Dong Nai’s tradesurplus
The southern province of Dong Nai’s tradesurplus in the first seven months of the year was 1.6 billion USD, which madeup half of the country’s total.
Dong Nai is among the country’s top fiveexporting cities and provinces, with a consistently high export surplus, accordingto the provincial Department of Industry and Trade.
The province has around 50 products with highexport turnover, including textiles and garments, footwear, wooden products,and steel, exported to around 170 countries and territories. The products arehighly regarded by foreign businesses.
According to the Statistics Office of Dong Nai,it exported around 9.2 billion USD worth of goods in the first seven months, 14percent higher year-on-year and its highest in four years.
Eighty percent of Dong Nai’s export turnover isfrom foreign-direct invested companies in the province.-VNS/VNA
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